Published on 4/2/2014 in the Prospect News Structured Products Daily.
New Issue: UBS prices $1.75 million trigger PLUS linked to WisdomTree Japan
By Susanna Moon
Chicago, April 2 - UBS AG, London Branch priced $1.75 million of 0% trigger Performance Leveraged Upside Securities due Oct. 6, 2016 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, up to a maximum return of 35.6%.
Investors will receive par if the fund falls up to 10% and will be fully exposed to any losses if the fund finishes below the 90% trigger level.
UBS Securities LLC is the agent.
Issuer: | UBS AG, London Branch
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying fund: | WisdomTree Japan Hedged Equity fund
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Amount: | $1,750,900
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Maturity date: | Oct. 6, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any fund gain, capped at 35.6%; par if fund falls by up to 10%; otherwise, full exposure to any losses
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Initial level: | $47.34
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Trigger level: | $42.61, 90% of the initial price
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Pricing date: | March 31
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Settlement date: | April 2
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Agent: | UBS Securities LLC
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Fees: | 2.25%
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Cusip: | 90272V137
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